Product Description

It is no longer acceptable for the analysis of the UK property market to be conducted on a national basis. Investors that go beyond this have been making a 'killing' - there is no other word for it! One such investor, a chartered accountant and property guru named Ajay Ahuja, has devised a model that ALL professional investors should follow. It is this model, the property clock, that has taken him from an initial investment of GBP500 to a portfolio of 100 properties worth over GBP6m in less than 5 years. The clock has emerged and is here to stay due to: every area within the UK's ability to operate to its own fundamentals; the introduction of the buy-to-let mortgage in the late 90s; the propensity of property prices to be volatile; the stable nature of market rents; the ever-existence of bandwagon-type investors. Ajay will show you: how to define a cold, cooling, warm and hot spot and how to find each of them; why professional investors sell exclusively in cooling spots; why the owner-occupiers and novice investors are the only ones left in the cold spots; how to calculate the bubble element in any property and why you should buy only properties with a negative bubble that burst in your favour; how to calculate the real value of a property under any environment; how to lock in certain growth by doing nothing; how to lock in certain growth by making the right enhancements and how to quantify the size of the gain.

Product Details

• Amazon Sales Rank: #330809 in Books
• Published on: 2004-09-03
• Original language: English
• Number of items: 1
• Binding: Paperback
• 128 pages

From the Inside Flap
It is no longer acceptable for the analysis of the UK property market to be conducted on a national basis. Investors that go beyond this have been making a 'killing' - there is no other word for it! One such investor, a chartered accountant and property guru named Ajay Ahuja, has devised a model that ALL professional investors should follow. It is this model, the property clock, that has taken him from an initial investment of £500 to a portfolio of 100 properties worth over £6m in less than 5 years. The clock has emerged and is here to stay due to: every area within the UK's ability to operate to its own fundamentals; the introduction of the buy-to-let mortgage in the late 90s; the propensity of property prices to be volatile; the stable nature of market rents; The ever-existence of bandwagon-type investors. Ajay will show you: how to define a cold, cooling, warm and hot spot and how to find each type of spot; why professional investors sell exclusively in cooling spots; why the owner-occupiers and novice investors are the only ones left in the cold spots; how to calculate the bubble element in any property and why you should buy only properties with a negative bubble that burst in your favour; how to calculate the real value of a property under any environment; how to lock in certain growth by doing nothing; how to lock in certain growth by making the right enhancements and how to quantify the size of the gain.

About the Author
Ajay Ahuja bought his first property at the age of 24, with a GBP500 loan. Now, aged 32, he has a potfolio of 100 properties and earns an income from them in excess of GBP400,000 per annum. As well as being a buy-to-let multi-millionaire, Ajay is a chartered accountant and the founder and owner of Accountants Direct which provides references for the self-employed for mortgaging purposes. He advises various local councils and accommodation projects and works to provide innovative solutions to problems facing the homeless. He also consults with corporations and private clients to help build property portfolios.

Customer Reviews

More Stopwatch than Clock.
The book tells us that there are 4 phases in the property cycle and shows us who is to be found at each phase. I found the book more realistic than Kioyasaki books (rich dad, poor dad) as Ahuja gives you conceret examples and formulas to show you where the market is and he does talk about the market going cold and depressed and what to do(the formulas are basic and should be known to anyone working in finance). The one drawback is the style of portions of the book, it looks as if they are trying to fill pages and prevent the book from being less than 50 pages in length. Also he never quite knits the clock and the formulas together. Overall, if you are not an accountant, banker etc it is worth the money. At least he does show you how to work out if a property is worth the money or not.